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  • Circle received OCC approval to establish a federally regulated national trust bank.
  • The bank will offer fiduciary digital asset custody for Circle, with USDC reserve management planned as a future capability.
  • Circle submitted its application in June 2025 and received conditional approval in December 2025.

That's a shame.

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Why?

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I am not a fan of stablecoins and I am definitely not a fan of walled garden, Jeremy Allaire, CBDC proxy stablecoins.

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😂

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